The Business Times

Pump prices lower at several oil retailers, higher at SPC According to petrol and diesel price tracker Fuel Kaki, all retailers except SPC have cut their pump prices by between S$0.04 and S$0.14, with the smallest and la…

Discovery CEO made over US$246m in 2021, thanks to bumper stock options The one-time options grant extends over seven years, at strike prices of US$35.65 or greater, according to a Discovery spokesman, which means CEO Da…

Commercial podium at 183 Longhaus for sale at S$38m guide price SRI managing partner sees potential for the property to enjoy a higher footfall traffic and injected vibrancy, given the recent opening of the Upper Thomson…

Cryptocurrency platform Hodlnaut receives MAS approval for Major Payment Institution licence The licence regulates Hodlnaut's token swap feature, not the digital payment token lending or borrowing services. Token swaps a…

#BTOPINION: Property prices can be resilient amid geopolitical tensions In the latest #THELEVELGROUND, BT questions if the allure of physical property in Singapore as safe haven assets will remain even in a global enviro…

PODCAST: In this 17th episode of the Mark To Market podcast, senior correspondent Ben Paul looks at how the Ukraine war is pulling the risk of shifting geopolitics sharply into focus for investors and corporate boards. #…

Condo resale prices rise for 19 straight months, up 0.6% in February That being said, the volume of transactions has actually declined. Some 1,013 units were resold in February this year, a 9.5 per cent decrease from the…

SPACs and listed plays: Investors need more than luck to back the right managers The bourse, bankers, lawyers and various parties involved in SPAC IPOs are the immediate winners from the emergence of SPACs. But what abou…

Singapore new private home sales slump 22.5% in February under 'quadruple whammy' Developers in Singapore sold 527 new private homes in February, down 22.5 per cent from January's 680 units, data from the Urban Redevelop…

Crypto exchange FTX wins licence, plans regional HQ in Dubai FTX Europe is among anchors in the Dubai World Trade Centre. The firm will offer "complex crypto-derivatives products with centralised counterparty clearing to…

URA bars strata subdivision for commercial properties in key parts of Central Area URA said that strata subdivided developments, due to their fragmented ownership, tend to face challenges in maintenance and upkeep. The r…

Marking 60 years, Rolling Stones to go back on the road across Europe Called "SIXTY", the 14-show tour will kick off in Madrid on June 1 and travel to 10 countries in total, including Britain. Frontman Mick Jagger, 78, a…

Lab-grown meat more accepted in Singapore than US, motivated by 'kiasu-ism': study This means that more Singaporeans are motivated to eat for a favourable social image as compared to Americans, causing them to differ in…

Singapore business sentiment moderates slightly in Q2 on global uncertainty: SCCB SCCB chief executive Audrey Chia said the ongoing conflict in Ukraine will likely pose downside risks in the short-to-medium term on globa…

Singapore Tourism Board seeks proposals for Jurong Lake tourism project This being for the development of a 6.8 hectare site next to Jurong Lake, which is expected to become a key lifestyle and tourism hub in Singapore's…

Binance wins crypto licences from Dubai, Bahrain The pair of licences marked the exchange's first regulatory approvals in the Middle East region. Binance's move underscores its increased focus on the Middle East.

Russia-Ukraine war may deal Biden's inflation battle a hammer blow "Right now, it really depends on the war — de-escalation or escalation — and more importantly, what happens to the economic war between the West and Russ…

GoTo to raise about US$1.25b in Indonesia IPO The Jakarta-based company set a price range of 316 to 346 rupiah per share for the offering and plans to sell as many as 52 billion new Series A shares.

41% of employees in Singapore would give up bigger bonus for remote working: Randstad This is likely due to various benefits these employees experienced while working remotely, such as saving time and money from commutin…

Elon Musk challenges Putin to fight, with Ukraine as the prize "I hereby challenge Vladimir Putin to single combat. Stakes are Ukraine," he tweeted. "Do you accept this fight?" he added in Russian, later responding to a…

The business value in the S of ESG Why should companies bother to be socially responsible in the world of business where shrewdness trumps fairness and charity?

Tencent faces record fine over WeChat payments, WSJ says The People's Bank of China found Tencent's payments platform had allowed the transfer of funds for illicit purposes such as gambling, the newspaper reported.

China’s wealthiest drop US$52b in a day as stocks plunge Zhong Shanshan, known as China’s king of bottled water, led the plunge as his fortune fell by US$5 billion, while Tencent Holding’s Pony Ma dropped US$3.3 billion,…

Impact of Russia-Ukraine tension on Asean economies The region's economic recovery was set to firm up in 2022, said Fitch Ratings in a report, but rising commodity prices as a result of the conflict are a growing risk. T…

#BTOPINION: South-east Asia gearing up for EV revolution With governments in the region aiming to get a slice of the pie, the aim is clearly to create various opportunities for the regional industry, both for the export…

Bitcoin, Ether see brief spike after Musk says he isn't selling Musk, the world's richest person and the chief executive officer of Tesla Inc, is no stranger to social-media posts on cryptocurrencies. Bitcoin, which has…

Chuan Park relaunched for sale at S$938 million In 2018, Chuan Park attempted to mount a collective sale with an asking price of S$900 million — up from an intial S$790 million — but did not secure the necessary 80 per c…

PODCAST: In this episode, John Cappetta, head of private banking, Asia adviser, Ninety One talks about quality investing, what that means and where to find long-term growth opportunities with this approach. This episode…

Scammers hit real estate sector by passing off as agents on platforms When contacted by a prospective tenant, the scammer would ask for a deposit even before any property viewings were conducted. Upon receipt of the tran…

China's Covid lockdowns could threaten half of economy The lockdown in Shenzhen will hit output in industries such as tech and machinery, which feed into global supply chains, Bloomberg Economics' Chang Shu and David Qu…